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3 years ago

The appropriate cost accounting system to use when inventory items are produced on an assembly line is

Business

1 answer:

nika2105 [10]3 years ago

8 0

Answer:

Explanation:

The weighted average method is used to assign the average cost of production to a produce. Weighted average used in situations where:

Inventory items are similar to each other and its is difficult to assign a cost to an individual unit of a production line.

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The annual percentage yield (apy) is the

tia_tia [17]

Annual interest rate that factors in compounding effects.

Formula: APY = ( 1 + APR/n )^n - 1

4 0

3 years ago

Read 2 more answers

Sale price $60 $100 Variable costs $35 $60 Machine hours required for 1 vase 1 2 Total fixed costs are $600,000, and Rose Incorp

MrRissso [65]

Answer:

a) CM1 = 25

CM2 = 40

b) CMmh1 = 25

CMmh2 = 20

c) 25,000 units of Vase 1 and 12,500 units of Vase 2

d) OI = $ 525,000

Explanation:

a. Determine the contribution margin per unit for each type of vase.

The contribution margin per unit is equal to the difference between the sale price and the variable cost per unit:

$CM_1=P_1-VC_1=60-35=25\\\\\\CM_2=P_2-VC_2=100-60=40$

b. Determine the contribution margin per machine hour for each type of vase.

For the Vase 1, the number of machine hours per unit is 1. So the contribution margin per machine hour for Vase 1 is equal to CM1=$25.

For the Vase 2, the number of machine hours per unit is 2. Then, the contribution margin per machine hour for Vase 2 is equal to CM2=$40/2=$20.

c. Determine the number of units of each style of vase that Rose Incorporated should produce to maximize operating income.

There are 3 restrictions:

- Max 25,000 units of Vase 1

- Max 25,000 units of Vase 2

- 50,000 hours of machine hour

As the contribution margin per machine hour is higher for the Vase 1, so we start producing the more we can of Vase 1. The limit is 25,000 units.

Then, we are left with 25,000 machine hours available for Vase 2. We can produce 25,000/2=12,500 units, which is under the market constraint.

d. What is the dollar amount of the maximum operating income as calculated in C above

The operating income for the mix proposed in C is:

$OI=CM_1*q_1+CM_2*q_2-FC\\\\OI=25*25,000+40*12,500-600,000\\\\OI=625,000+500,000-600,000\\\\OI=525,000$

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3 years ago

Steven wants to become a member of the labor union. Which law giver him the right to do so?

ziro4ka [17]

Answer:

D. Wanger Act

Explanation:

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3 years ago

Suppose that an economy consists of only two individuals. Jeremy has $1690 available to spend on goods. He decides to purchase $

Zigmanuir [339]

Answer:

$470

Explanation:

The calculation of the economy income is given below:

Since $1,690 spend on goods and then he decided to purchase for $470 in order to generate it

So here we can see that there is one and only economic activity that took place at the present quarter that is of $470

Therefore the economy income is $470

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3 years ago

A data model can __________: A. Illustrate return-on-investment, break-even point, and economic feasibility B. Represent actions

fredd [130]

Answer:

The correct answer is C

Explanation:

Data model is the model which is represented the data in a formal way and that could be used as well as created through the business system. This model organize the data elements and also standardize how they link or allocate to one another and to the properties of the entities.

This model states the logical inter- relationship and the flow of data among different elements of the data comprised in the information world. And this model could be used for analysis in the logical data model and for design as a physical data model.

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3 years ago